Barings Real Estate Advisers is investing in a speculative Manchester office scheme.
The investment manager is developing the 180,000 sqft landmark site in the northern UK city.
The development, which will cost around 拢100m (鈧�116m), is being funded by on behalf of an unnamed institutional investor.
Nick Pink, head of fund management for Europe at Barings, said: 鈥淲e remain selective buyers in the UK where we can identify opportunities in markets and sectors that demonstrate the right mix of cyclical and structural performance characteristics.
鈥漌e continue to look for opportunities such as Manchester across Europe to supplement our other major projects in Berlin and London.鈥�
The scheme is due to be completed in 2019.
Castlebrooke, who originally acquired the site in 2015, will continue to act as development manager.
